The dividend was announced after market hours along with the company’s Q2FY25 earnings. India’s leading IT software company reported a 5% year-on-year (YoY) growth in its consolidated net profit, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the year-ago period.
The profit was lower than the Street’s estimate of Rs 12,450 crore.
The consolidated revenue for the reported quarter stood at Rs 64,259 crore, which was higher by 7.6% on the YoY basis while rising 5.5% YoY in Constant Currency terms.
The operating margin stood at 24.1% which was a decline of 0.2% YoY. Net cash from operations stood at Rs 11,932 crore which is 100.2% of the net income of the company.
Commenting on the earnings, Infosys CEO K Krithivasan highlighted the cautious trends of the last few quarters which continued to play out in this quarter as well. “Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders,” he said.The leading Indian IT company’s BFSI segment grew 30.8% in Q2FY25 versus 32.6% in Q2FY24. The consumer business growth was reported at 15.1% versus in Q2FY25 versus 15.9% in Q2FY24.